EUR/USD daily outlook

FX_IDC:EURUSD   Euro / U.S. Dollar
Resistance – 1.1158, 1.1196, 1.1236

Support – 1.1096, 1.1067, 1.1024

  • Euro’s repeated failure to take out hourly 100-MA (hourly chart on the left hand side) followed by a break below 200-DMA             of 1.1096 on daily closing basis would add signal end of corrective rally from post Brexit low of 1.0911 and open doors for a fresh drop to 1.1024-1.10 handle.
  • On the other hand, a break above the daily high of 1.1144 could yield 1.1180-1.1196.
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